Risk Management Solutions News

A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property and casualty reinsurance policies underwritten by a trio of reinsurers …

PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia. …

In the face of growing interest in climate change impacts, several big catastrophe modelers said they’ve heard from more clients interested in receiving climate-related data and they believe the field is on the cusp of a change in the way …

Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary responsibility will be to develop risk management solutions for …

Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The agreement recognizes the need in the industry for a data standard, according to the …

Risk Management Solutions named Paul Dali chairman of its board of directors. Dali, who is based in Arizona, has been serving as an advisor to the RMS board for the past year. Dali has backed a number of successful technology …

Catastrophe modeling firm Risk Management Solutions’ insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, according to a report from The Wall Street Journal.RMS has not yet published its estimate publicly as of …

Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss estimate includes wind and storm surge …

Late Monday, Sandy became the eighteenth named storm of the 2012 Atlantic hurricane season. According to the National Hurricane Center, Sandy is expected to strengthen during the next 24 hours and become a hurricane on Wednesday– before reaching Jamaica. The …

Thus far, the 2012 Atlantic hurricane season that is about at its midpoint has seen 14 tropical storms, with seven strengthening to hurricane status. According to catastrophe modeling firm Risk Management Solutions (RMS), the current hurricane season has been active: …